you are forced to live even more simply if you don't get any yield on your assets. the mental cost of having to sell something very valuable is a positive barrier.
For the past 20 years, if you were mad at a computer for not doing what you wanted it to, in reality you were actually mad at the person who programed the computer rather than computer itself. The computer did exactly what it was told to do.
This is suddenly no longer true.
May 5, 2025, the U.S Department of Education's Office of Federal Student Aid will resume collections of defaulted federal student loans.
The resumption includes the restart of the Treasury Offset Program, which allows the government to withhold payments from borrowers in default, including tax refunds and Social Security benefits
$CEP shareholders will represent a low percent of total ownership of $XXI (2.7%). If you translate that to their BTC, here's the relative mNAVs.
pretty terrible investment imho
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there is soon be even more etfs just for option trading strategies for spacs that attempt to replicate the mstr playbook
the trade will become very very crowded
Empire of silver is a great read on the history of money and currency in china
"don't choose silver when the world chooses gold."
"don't choose gold when the world chooses bitcoin"
China can't tank the treasury market because in tanking the treasury market it tanks its domestic banks, it's sovereign holding of treasuries and its citizens holdings of dollar denominated loans.
What is a US dollar?
it is an imaginary value that can extinguish one dollar of debt
What is a dollar of debt?
It is an imaginary value that can be extinguished by one dollar.